Page last updated at 22:49 GMT, Wednesday, 2 April 2008 23:49 UK

Blackberry maker doubles profit

Blackberry smart-phones
Blackberry may have benefited from Apple's iPhone launch

Research In Motion (RIM), the Canadian maker of the Blackberry phone and e-mail device, has reported better-than-expected profits.

For the three months to 1 March, RIM reported earnings of $412.5m (207.5m), more than double the $187.4m it made in the same period last year.

Analysts said Apple's launch of iPhone had raised awareness of smart-phones.

The company shrugged off concerns about the US economy and predicted strong profit growth for the next quarter.

"What's impressive is that, given the macro environment that they know about, they guided this strong," said Peter Misek from Canaccord Adams.

Another analyst suggested that RIM may be recession-proof.

"People may be spending less money on cars, they be spending less money on their houses, but it turns out the Blackberry is the one essential," said Duncan Stewart of Duncan Stewart Asset Management.

Blackberry maker in court battle
19 Feb 08 |  Business
Blackberry back after breakdown
12 Feb 08 |  Business
Blackberry firm sees sales jump
21 Dec 07 |  Business
Blackberry targets Chinese market
23 Oct 07 |  Business
Demand jump lifts Blackberry firm
05 Oct 07 |  Business
Blackberry to go on sale in China
05 Jul 07 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific